Job Costing 3...
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1. The accounting system the
advertising agency has most likely
adopted for it record keeping in
accumulating costs is
2. Based upon the above info what is
the total amount accumulated in
the manufacturing overhead
control account?
3. The debits in WIP are BWIP, DL,
DM, and MOH. The account should
be credited for production that is
completed and sent to FG
inventory the balance is
4. The fundamental criterion
employed to determine whether
job costing or process costing
should be employed is
5. How does a job order cost
accounting system differ from a
process cost system?
6. In a job cost system MOH
7. In a job order cost system, DL
costs usually are recorded initially
as an increase is
8. In a job order cost system the
application of the MOF is usually
reflected in the general ledger as
an increase in
9. In a manufacturing environment,
job order cost accounting systems
and process cost accounting
systems differ in the way
10. In a traditional job order cost
system the issuance of supplies to
a production department increases
11. in job order costing the basic
document to accumulate the cost
of each order is the
12. job order cost system, the use of
direct materials previously
purchased usually is recorded as
an increase in
13. The most appropriate costing
method for the company is
A. Job- order costing 14. A non manufacturing C. Either job-order or
organization may use process costing
15. what is the je to record the A. DM inventory
purchase of materials on A/P
B. 30,000 account?
16. which method of measuring the C. Extended costing
costs to be assigned to
products or services uses
C. EWIP (debit) budgeted rates for direct costs
but applies those rates toe the
actual quantities of the inputs
17. Which of the following in an A. the cost of small tools
overhead cost in the used in the mounting
D. The nature and production of an automobile process
amount of the product
18. Which of the following items is C. Costs of marketing
of service brought to
not included in MOH departments
the market place for
customer consumption 19. Which one of the following D. Overtime hours times
methods is the proper way to the overtime premium
A. Subsidiary ledgers
account for the overtime paid would be charged to the
for the wip and fg
to DLerors. MOF and the overtime
accounts are
hours times the straight
necessary in job order
time wages would be
costing
treated as DL
C. Yes
20. the WIP account is B. an inventory account
Yes
D. WIP
C. WIP
A. costs are assigned
to production runs and
the number of units for
which costs are
averaged
C. MOH
D. Job- cost sheet
A. WIP
A. A job-order costing
system